H—26

REPORT The Board has the honour to submit its report upon the transactions in connection with the Public Service Superannuation Fund. The report this year is confined to the following accounts, statements, and tables: — Contributors. —The number of new contributors who joined the scheme during the year, and other particulars, are contained in the following table: —

Investment of the Fund.—lncluding £28,851 invested on Stipendiary Magistrates' account, tlie total investments of the fund amount to £3,150,886. The average rate of interest earned for the financial year was £3 19s. sd. per cent., a decrease of lid. per cent, as compared with the previous year. Operations of the Fund. —The following comparative statement shows the operations of the fund (to the nearest pound) as disclosed in the Revenue Accounts and Balancesheets for the twelve-year period ended 31st March, 1945.

The following table shows particulars of the public servants who were contributing to the fund on the 31st March, 1945 (after allowing for deaths, retirements, and withdrawals), grouped according to their respective, rates of contribution.

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Rate per Cent, of Number. Annual Annual Contribution. Male. Female. Total. Salary. Contributions. £ £ 5 690 395 1,085 131,543 6,577 6 75 75 25,705 1,542 7 39 39 14,824 1,038 8 20 20 7,118 569 9 2 2 1,340 121 10 1 1 615 62 Transfers from 14 6 20 7,100 355 nf.nAT TiiTinQ U ullCi 1UILUO 841 401 1,242 188,245 10,264

Rate per Cent, of Contribution. Male. Number. Female. Total. Annual Salary. Annual Contributions. £ £ 5 23,083 4,232 27,315 7,470,758 373,538 6 1,588 109 1,697 613,113 36,787 7 905 52 957 360,534 25,237 8 381 16 397 149,683 11,975 9 130 5 135 55,671 5,010 10 29 1 30 16,160 1,616 26,116 4,415 30,531 8,665,919 454,163